Latest Research

The views expressed in these papers are solely those of the authors and not necessarily those of the U.S. Bureau of Economic Analysis or the U.S. Department of Commerce.


Rethinking Inflation Heterogeneity: Evidence From National Accounts

Do low-income households systematically face higher inflation than high-income households? Contrary to prevailing narratives based on the consumer price index, our analysis using personal consumption expenditure price indices demonstrates that inflation inequality has been moderating. Using… Read more

By Marina Gindelsky, Robert Martin
Published

Comparing Estimates of Fixed Investment in Nonresidential Structures and Equipment

The U.S. Bureau of Economic Analysis (BEA) has relied mainly on the U.S. Census Bureau’s monthly Value of Construction Put in Place Survey (VIP) to measure levels of fixed investment in structures; the Annual Survey of Manufactures (ASM, with the commodity-flow method) to measure levels of fixed… Read more

By Robert Kornfeld
Published

Developing Experimental State Quarterly Personal Consumption Expenditures

 

 

BEA produces annual personal consumption expenditures (PCE) by state statistics, providing critical insights into households’ consumption at the state level. These statistics, however, are produced with a 10-month lag. To address this issue, ongoing research by BEA’s Regional Economics… Read more

By Mahsa Gholizadeh, Kyle K. Hood, Steven L. Zemanek, Christian Awuku-Budu, Ledia Guci, Kekai Liu, Jack York
Published

Welfare Indicators and GDP

 

 

The clamor for indicators of well-being after the recession of 2008 was predicated on the idea that Gross Domestic Product (GDP) was an insufficient measure of an economy’s overall performance. Though GDP measure was not designed to serve as a measure of welfare, it can be shown to be… Read more

By Dennis J. Fixler, Andrew Craig
Published